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Dezerv has raised ₹350 crore in an all primary funding round co-led by Premji Invest and Accel’s Global Growth fund.
Dezerv provides portfolio management for high-income and business individuals, using expert insights.
What’s brewing: the company operates in over 200 cities and plans to use India’s account aggregator system to provide more personalised investment options. The company aims to expand its platform to include assets like real estate funds, infrastructure funds, and gold.
Big picture: India’s wealthtech sector is at an inflection point, valued at over $60 billion and having grown 110% in the past five years.
The mid-affluent segment, households earning ₹10-50 lakh annually, has been a major growth driver. With over 30 million such households in urban India and growing at 10% annually, the industry is poised for further expansion.
